Petrofac Limited (PFC) Stock Rating Reaffirmed by BNP Paribas

Petrofac Limited (LON:PFC)‘s stock had its “neutral” rating reaffirmed by equities researchers at BNP Paribas in a research note issued on Thursday. They currently have a GBX 875 ($10.85) target price on the stock. BNP Paribas’ price target indicates a potential upside of 10.13% from the company’s current price.

PFC has been the subject of a number of other reports. Raymond James Financial Inc. restated a “strong-buy” rating and issued a GBX 1,200 ($14.89) target price on shares of Petrofac Limited in a report on Monday, October 17th. Goldman Sachs Group Inc. upgraded shares of Petrofac Limited to a “buy” rating and boosted their target price for the company from GBX 912 ($11.31) to GBX 1,066 ($13.22) in a report on Wednesday, September 28th. Royal Bank Of Canada restated a “sector performer” rating and issued a GBX 1,050 ($13.03) target price on shares of Petrofac Limited in a report on Tuesday, October 11th. Credit Suisse Group AG restated an “outperform” rating and issued a GBX 1,100 ($13.65) target price on shares of Petrofac Limited in a report on Friday, October 7th. Finally, Canaccord Genuity restated a “hold” rating and issued a GBX 850 ($10.54) target price on shares of Petrofac Limited in a report on Tuesday, October 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of GBX 984 ($12.21).

Shares of Petrofac Limited (LON:PFC) opened at 792.50 on Thursday. The firm’s market capitalization is GBX 2.69 billion. Petrofac Limited has a one year low of GBX 635.00 and a one year high of GBX 1,016.09. The stock has a 50 day moving average of GBX 834.74 and a 200-day moving average of GBX 810.26.

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Petrofac Limited Company Profile

Petrofac Limited is an international service provider to the oil and gas production and processing industry. The Company designs, builds, operates and maintains oil and gas facilities, delivered through a range of commercial models, enabling it to respond to the distinct needs of each client and enabling them to manage their assets across the oil and gas life cycle.